Answered: A company has a net income of $72,000…

A company has a net income of $72,000 and total assets of $360,000. What is the return on assets? A) 20% B) 12.5% C) 15.9% D) 17.5%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

What is ROA?

A company has a net income of $72,000 and total
assets of $360,000. What is the return on assets?
A) 20%
B) 12.5%
C) 15.9%
D) 17.5%

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Similar questions

Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
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ANSWER
What is the return of assets
Answer this Financial Accounting
What is the return on assets? General accounting